Tuesday, February 22 2022 17:12
Alina Hovhannisyan

Deputy Minister of Territorial Administration and Infrastructures got acquainted with development opportunities and plans of Zangezur Copper-Molybdenum Combine

Deputy Minister of Territorial Administration and Infrastructures got  acquainted with development opportunities and plans of Zangezur  Copper-Molybdenum Combine

ArmInfo. As part of a  working visit to the Syunik region, Deputy Minister of Territorial  Infrastructure Department of Armenia Hovhannes Harutyunyan visited  Zangezur Copper-Molybdenum Combine CJSC (ZCMC).

According to the press service of the ministry, during the visit, the  deputy head of the department got acquainted with the production  process at the enterprise. At the same time, Hovhannes Harutyunyan  was presented with the possibilities for the development of ZCMC and  further plans.

In September 2021, Industrial Company JSC acquired a 60% of the shares of ZCMC and donated 25% of its share to the government of Armenia. Thus, the Armenian government became the owner of 15% of ZCMC shares,  the management of which was transferred to the Armenian National  Interests Fund (ANIF) from January 2022, while maintaining state  ownership.